House Prices

Lakewood Madison, ME House Prices & Home Values 2026


Average Data

average house price$179,906
average size per house1065 ft²
average price per ft²185 $ / ft²

04/22/2026 - The value range (VR) for house prices in Lakewood Madison, ME is $175.75/ sqft to $194.25/ sqft. An average home with 1065 sqft costs approximately $204,207 to $225,702. Madison, ME includes 1 ZIP codes and it is located in Somerset county. The lowest prices are found in ZIP 04950, while the highest are in ZIP 04950. The average price per sqare feet is $185. Our analysis is based on 1 property listings.

Avergage prices by ZIP codes Lakewood Madison

04950185 $ / ft²




Historical development of home values in Lakewood Madison

Year Estimated value (USD) Change vs. 2025
2010 $83,552 -53.6%
2011 $80,321 -55.4%
2012 $80,104 -55.5%
2013 $83,098 -53.8%
2014 $87,231 -51.5%
2015 $91,707 -49.0%
2016 $96,493 -46.4%
2017 $101,702 -43.5%
2018 $107,324 -40.3%
2019 $112,301 -37.6%
2020 $118,106 -34.4%
2021 $134,333 -25.3%
2022 $156,602 -13.0%
2023 $165,144 -8.2%
2024 $174,698 -2.9%
2025 $179,906 0.0%

Graph: estimated home values in Lakewood Madison over time (USD)



Example: 100% financing house in Lakewood Madison

Loan amount: $179,906

Interest rate: 6.55%

Fixed monthly payment: $1,142.58

Breakdown in the 1st month:
Interest portion: $981.39  –  Principal portion: $161.19

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $11,717.55 $1,993.37 $177,912.63
2 $11,583.07 $2,127.84 $175,784.79
3 $11,439.53 $2,271.39 $173,513.40
4 $11,286.30 $2,424.61 $171,088.79
5 $11,122.74 $2,588.18 $168,500.61
6 $10,948.14 $2,762.78 $165,737.83
7 $10,761.76 $2,949.16 $162,788.67
8 $10,562.81 $3,148.11 $159,640.57
9 $10,350.44 $3,360.48 $156,280.09
10 $10,123.74 $3,587.18 $152,692.91
11 $9,881.75 $3,829.17 $148,863.74
12 $9,623.43 $4,087.48 $144,776.26
13 $9,347.69 $4,363.23 $140,413.03
14 $9,053.35 $4,657.57 $135,755.46
15 $8,739.15 $4,971.77 $130,783.70
16 $8,403.75 $5,307.17 $125,476.53
17 $8,045.73 $5,665.19 $119,811.34
18 $7,663.55 $6,047.36 $113,763.98
19 $7,255.60 $6,455.32 $107,308.66
20 $6,820.12 $6,890.79 $100,417.87
21 $6,355.27 $7,355.65 $93,062.22
22 $5,859.05 $7,851.86 $85,210.36
23 $5,329.37 $8,381.55 $76,828.81
24 $4,763.95 $8,946.97 $67,881.84
25 $4,160.38 $9,550.53 $58,331.31
26 $3,516.10 $10,194.81 $48,136.49
27 $2,828.36 $10,882.56 $37,253.94
28 $2,094.22 $11,616.69 $25,637.25
29 $1,310.56 $12,400.36 $13,236.89
30 $474.03 $13,236.89 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Lakewood Madison, ME


1500 sqft3900 sqft
Ø selling price$366,331$779,285
Ø fast selling$333,028$701,357
Ø high price sale$399,634$857,214

In 2026, houses in Lakewood Madison, ME will be offered at an average price of $185 per square foot. A 1,500 sqft home priced at $366,331 is 25.09% more expensive per square foot than a 3,900 sqft home priced at $779,285. Home prices in Lakewood Madison, ME vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $539,505. Sellers who can wait longer may achieve a higher price of up to $659,395.


Lakewood, Madison, ME Neighborhood Guide

Overview

Lakewood in Madison, ME is a scenic neighborhood on the shores of Lake Wesserunsett, celebrated for quiet lakeside living and timeless New England charm.
Residents enjoy a small-community feel with year-round beauty, from colorful fall foliage to snow-dusted winters and breezy summer days. Its location in the Kennebec Valley positions Lakewood close to essentials in Madison and nearby Skowhegan while retaining a peaceful, resort-like atmosphere.

Outdoor Lifestyle

Outdoor recreation defines daily life, with boating, paddling, fishing, and lakeside swimming right from local docks and shoreline access. Miles of country roads and nearby trails invite cycling, running, cross-country skiing, and wildlife watching across four distinct seasons.
Golfers appreciate the historic Lakewood Golf Course, and families gather for picnics, sunsets, and stargazing along the water.

Culture and History

The neighborhood?s cultural heart is the landmark Lakewood Theater, often called the ?Broadway of Maine,? which has hosted performances for more than a century.
Local dining and summertime events create a friendly social scene that complements the area?s arts legacy.

Real Estate and Access

The Lakewood real estate market features a mix of classic cottages, seasonal camps, and year-round homes, including sought-after waterfront properties with panoramic lake views.
Convenient access via Route 201 and regional roads makes Lakewood, Madison, Maine a desirable base for commuters, vacationers, and retirees seeking a balanced lakeside lifestyle.



FAQ – Home Values in Lakewood Madison

What is the median home value in Lakewood Madison in 2026?

In 2026, the typical home value in Lakewood Madison is about $179,906 for an average home size of 1065 square feet. This corresponds to an average price of roughly $185 per square foot.

What is the average cost per square foot in Lakewood Madison?

In 2026, homes in Lakewood Madison sell for an average of around $185 per square foot, with a typical range between $175.75 and $194.25 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Lakewood?

The average home size in Lakewood Madison is about 1065 square feet, with an estimated 2026 value around $179,906.



Neighborhoods close to Lakewood Madison, ME

East New Portland New Portland, ME124 $ / ft²
Haines Landing Oquossoc, ME108 $ / ft²
Rangeley Village Rangeley, ME266 $ / ft²
South Liberty Liberty, ME51 $ / ft²
West Kingfield Kingfield, ME51 $ / ft²
West Garland Garland, ME118 $ / ft²
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